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The Economic Management of Physical Assets: The Practical Case of an Urban Passenger Transport Company in Portugal

Author

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  • Caropul Mendes

    (RCM 2+ Research Centre for Asset Management and Systems Engineering, Polytechnic Institute of Coimbra, Technology and Management School of Oliveira do Hospital, Rua General Santos Costa, 3400-124 Oliveira do Hospital, Portugal)

  • Hugo Raposo

    (RCM 2+ Research Centre for Asset Management and Systems Engineering, Polytechnic Institute of Coimbra, Coimbra Institute of Engineering, Rua Pedro Nunes—Quinta da Nora, 3030-199 Coimbra, Portugal)

  • Ricardo Ferraz

    (RCM 2+ Research Centre for Asset Management and Systems Engineering, Polytechnic Institute of Coimbra, R. Pedro Nunes, GHES/CSG/ISEG, 3030-199 Coimbra, Portugal)

  • José Torres Farinha

    (RCM 2+ Research Centre for Asset Management and Systems Engineering, Polytechnic Institute of Coimbra, Coimbra Institute of Engineering, Rua Pedro Nunes—Quinta da Nora, 3030-199 Coimbra, Portugal)

Abstract

Organizations are increasingly concerned with new strategic guidelines and ways of managing physical assets to improve their competitiveness and sustainability. In this paper, we analyze the determinants of the economic management of physical assets in the specific case of a public passenger transport company located in one of the main cities of Portugal. Based on the case under analysis, it was possible to conclude that the economic management of physical assets is oriented by relevant indicators, including, for example, expenses associated with acquisition, maintenance, and operation. This paper provides a relevant contribution to monitoring and evaluating the life cycle of equipment, enabling more efficient and effective management of these physical assets for transport companies. We are convinced that the valuable results presented in this paper can open up new research avenues in the area of physical asset management.

Suggested Citation

  • Caropul Mendes & Hugo Raposo & Ricardo Ferraz & José Torres Farinha, 2023. "The Economic Management of Physical Assets: The Practical Case of an Urban Passenger Transport Company in Portugal," Sustainability, MDPI, vol. 15(15), pages 1-19, July.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:15:p:11492-:d:1201882
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